AUTOBAY (ABX)

Overview

Autobay is the first e-commerce platform based on the Ethereum blockchain that allows users to sell, buy and auction cars using cryptocurrency as payment method.

Project stage

Prototype

Detailed description

Autobay is the first e-commerce platform based on the Ethereum block chain that allows users to sell, buy and auction vehicles using cryptocurrencies as a payment method. More than 80,000,000 new cars are sold globally every year, and more than 100,000 used cars are sold daily through the old-fashioned cash settlement process in the US alone.

Autobay's vision is to create real value for the cryptocurrencies to solve everyday problems in the automotive industry while creating a much safer, simpler and safer process for purchasing vehicles, as well as operating financial assets (in this case vehicles) It is to make.

The main goal of Autobay is to create legitimacy for the cryptocurrency market by purchasing commodities (cars, trucks and motorcycles) using Bitcoins (BTC), Ethereum (ETH) and Autobay Token (ABX) as financial assets.

Autobay is a distributed, web-based business stage that allows customers to see the joy of everybody passing by, allowing customers to purchase digital currencies on a pay-per-view basis from anywhere in the world via the web.

Autobay offers a safe experience when purchasing many relocations and cars, allowing individuals to purchase cars with just three advances in safety and simplicity.

Problem

When buying a new car, almost everyone must take the FIAT currency in cash or at a bank or dealership with stressful and insecure procedures in their home. When purchasing a used car, we know that the entire industry is based on a cash-only sales policy that creates greater uncertainty in the process.

Also, when buying a used car from an individual seller, people must travel to an unknown location where unknown sellers claim to own a car of their choice and claim cash transactions in a very uncomfortable situation. Risks such as losing money, stealing money, counterfeit bills, and losing time are some of the risks associated with cash payments. Over the past 100 years, the process of purchasing a car was the same, and it was outdated and unsafe way.

Solution

Autobay is a patented e-commerce platform that allows users to promote their vehicles so they can view them online so that users around the world can pay for their vehicles using cryptography. Theautobay provides a much simpler and safer experience when purchasing a vehicle, allowing people to purchase the car in three easy and safe steps.

The first step is to find the car you want using a filter that reduces your search for brand, model, year, loot, price range, and specific location (radius within km).

The second stage means that if someone searches for a car they want, or finds a new or used car, they are willing to visit the vehicle just by clicking on the button that appears in a publication that says they are interested. To evaluate the car. When I press the button I'm interested in, both parties, sellers and buyers receive each other's profile information.

The third and most important thing is that when purchasing a vehicle that does not require a person to pay in cash, what the buyer needs to do is open a distributed Autobay app on his or her mobile device and enter the "I am interested" menu. You can search the list of all the cars that you want to buy, then search for the posts of the specific vehicle you want to buy, and you can choose a high deposit or full payment and decryptability through the wallet built into Dapp. He wants to pay and press the "Buy" button Ethereum Blockchain creates an intelligent contract to pay for the car.

Additional links

Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :ABX

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 24,000,000 USD

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :240,000 USD

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :945,000,000 ABX

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :510,300,000 ABX

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH,

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, USA,

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes

Offering 3 Car manufacturers an Official Store inside the platform to test for a period of 4 months.

Q4 2019

Marketing Campaign for those 3 Official Stores.

Q1 2020

Launching 3 Official Stores on a beta testing for 4 months.

Q2 2020

Offering other car manufactures the possibility of opening an Official Store.

Q3 2020

Marketing Campaign for Official Stores.

Q4 2020

Launching official Stores for Car Manufacturers within the platform.

Activity

Social

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